Calgon Carbon

Kuraray completed its $1.3 billion acquisition of US activated carbon producer Calgon Carbon on March 9, 2018. Calgon will be reported as part of Kuraray's Functional Materials division.

Kuraray Co., Ltd. agreed to acquire Calgon Carbon Corporation for $21.50 per share in cash, equating to an equity value of about $1.1 billion and a transaction value over $1.3 billion including net debt. The deal is expected to close by end of December 2017.

Calgon Carbon won a $13.2 million contract to supply GAC adsorption vessels and activated carbon to treat water at 38 Cal Water well sites in California. The equipment will be installed in stages and expected to be in service by June 2018.

Calgon Carbon Corporation and California Water Service signed a $13.2 million system supply contract for granular activated carbon and equipment to treat drinking water wells contaminated by 1,2,3-TCP. Equipment will be installed in stages, with all in service by June 2018.

Calgon Carbon completed its acquisition of the wood-based activated carbon, reactivation and mineral-based filtration media business from CECA, a subsidiary of Arkema Group. The purchase price was €140.7 million in cash plus assumed pension liabilities.

Calgon Carbon Corporation was awarded up to $15.4 million from the U.S. Government under the Defense Production Act Title III Program to construct a manufacturing facility at its Pearl River plant in Bay St. Louis, Mississippi. The award became effective September 21, 2016, construction is expected to begin in January 2018, and the new capability is expected to be operational by March 2019.